Thursday, September 2, 2010

Worst August for U.S. auto sales since 1983

Auto sales were slow, but particularly slow for the US auto makers
Auto sales are better this year than in 2009 but much weaker than they were before the recession. In response, Ford on Wednesday cut its fourth-quarter production plans by 4,000 vehicles.
At Toyota, sales plunged 34 percent compared with last August and 12 percent from July. The poor comparison to last August was expected because Cash for Clunkers helped smaller Toyota cars like the Corolla and Camry sedans.

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